The main objective of the project was determine whether there exist “transitive”, institutionally and culturally specific factors behind the high prices and low financial affordability of older and new owner-occupied housing in Prague, and to estimate their influence and the possible consequences of their elimination. An analysis of the causes of the high prices of housing also contributed to increasing the transparency of the Czech housing market and became an important source of information for those who formulate housing and social policies. The methodological approach combined elements of econometric analysis and quantitative and qualitative sociological methods. The effort to identify the causes behind the rigidity of the housing market from the perspective of value orientations and the subjective attitudes of the main actors in involved represented an innovative approach to the issue. Read more...
Project publications (total 10, displaying 1 - 10)
The goal of the analytical part of the book is to present the main findings from the range of sociological surveys on factors of low financial affordability of owner-occupied housing in Prague. The factors behind high house prices in the capital city are looked for both at the demand as well as at the supply side of the housing market.
The chapter contains the description of the public housing privatization process in the Czech Republic and evaluation of management of privatized dwellings. The housing privatization is described in context of overall transition housing policy and the form of management of Homeowners Associations is demonstrated on particular case study.
The chapter describes, evaluates and compares the housing allowance in the Czech Republic with housing allowances in selected other transition countries. For the purpose of evaluation the approach of welfare economics is used.
The aim of the article is the analysis of underlying factors behind low financial affordability of owner-occupied housing in Prague, respectively behind high house prices in Prague. The authors paid attention to the following factors: regional differences in economic performance and high preference for owner-occupied housing.
The aim of the article is an analysis of changes affecting the financial affordability of rental and owner-occupies housing over the course of the economic transformation in the Czech Republic. To evaluate housing affordability the authors used housing expenditure-to-income ratios. The authors particularly note the huge differences in affordability ratios between households living in the so-called ´privileged´ and households living in the ´unprivileged´ housing market sectors.
The article discusses the housing market theory and the methods and indicators used for the evaluation of long-term sustainability of house price trends. The change in house price trends in 2007 in many countries could be interpreted as the result of the previous house price growth, often labelled as a price bubble. The authors assess the sustainability of house price development in the Czech Republic.
The article aims to analyse housing finance efficiency in the Czech Republic, especially so called intermediation efficiency. The methodology of the research combined quantitative and qualitative surveys among mortgage lenders and housing savings banks in the Czech Republic.
The article attempts to contribute to the discussion on housing affordability and the use of affordability measures for normative purposes. The approach applied there is based on the estimation of economic quasi-norms on rent levels in rent-controlled (social) housing by looking at public costs at different rent levels.
The article presents a review of the research activities of the Socio-Economics of Housing research team at the Institute of Sociology of the Academy of Science of the Czech Republic. Its main research activities relate to both the social and the economic aspects of housing and thus include such diverse topics as housing attitudes, housing policy, housing finance and housing market efficiency.